Construction is one of the most complex industries for operators to flourish in, partly because of the nature of financing large-scale development projects, but also because of its unique reliance on a network of contractors and subcontractors to carry out specialized work in service of those goals. That’s why subcontractor liability insurance is such a vital addition to your coverage. The right insurance policy will not only cover you when you are liable for situations like on-site injuries, it will also help you mitigate the liabilities you are exposed to when others do work on your behalf, all while making it limitations and exclusions easy for you to parse as you figure out how to approach your next big project.
What Goes Into Subcontractor Liability Policies?
If your coverage is going to take care of all the avenues of foreseeable risk that typically show up in construction businesses that rely on subcontractors, you’ll need a few common policy platforms, as well as the customized coverage that reflects your actual assets and business model. As https://www.huntersure.com/ explains:
- Subcontractor-inclusive general liability provisions
- E&O coverage that explicitly includes subcontractor work
In addition to those provisions, experienced insurance agents who understand the construction industry will give you the tools and information you need to work with your subcontractors so you both understand how your insurance coverage works and what you need. Subcontractors still need their own policies, and your coverage will assume that, but an experienced professional will help you understand when their insurance is adequate and when you need to request they carry additional coverage.
If you own a commercial laundry business, you have a lot to think about when it comes to the right insurance. Everything from customer’s expensive garments to the indispensable equipment for your business – there’s a lot at stake. Fortunately, the right I can cover all your business needs. While you may already know about general liability and equipment coverage, there may be some other important areas that you’ve missed when it comes to commercial laundry insurance.
Business Interruption Insurance
An unexpected event can strike without warning and cause you to shut down your business for a time. With this type of insurance, you won’t have to worry about lost revenue. Based on your previous records, you will be provided with a temporary income stream.
Employment Practices Liability Coverage
If you run the show by yourself, you typically won’t have to worry about this type of insurance. If you’ve ever had employees, however, this provides protection in the event that you are sued by one of them. According to https://www.iwains.com, there are guidelines who can help you find and hire the right employee. Even then, however, there’s no guarantee that you will never face a lawsuit.
If you have employees, most states will require that you have some sort of worker’s compensation plan. This helps pay lost wages and medical costs for employees who are injured on the job.
No matter what type of business you own – coin-op or dry cleaning – you want to make sure your business is completely protected.
Signing up for insurance is one of the least-discussed aspects of entrepreneurship. Everyone focuses on income and expenses, but rarely is insurance discussed, even with the potential for your business to be sabotaged without it. If you’re interested in starting an independent consulting firm, Albuquerque insurance agencies are ready to help you. Here’s what you should know about the most basic coverages that will serve as the foundation of your policy for your independent consulting business.
Professional Liability Insurance
Professional liability covers you in case a client files a lawsuit claiming that they experienced a loss because of an error or omission on your part. Your policy would cover your attorneys’ fees as well as judgments and settlements.
General liability insurance is more of broad coverage in that it covers third-party claims related to injury or property damage caused by your business. Once again, if a lawsuit is filed, your policy will be available to cover your legal expenses.
As the name implies, property insurance protects your business property against loss or damage. Items that can be covered under your policy include your building and landscaping, furniture, equipment and even digital assets. Your property will cover the cost to repair or replace these items in case of a fire, inevitable storms, theft or vandalism.
There are plenty of other coverages to choose from depending on your needs. The best Albuquerque insurance agencies will be willing to customize their offerings to meet your demands.
Everyone loves a good action adventure film. Production companies invest millions of dollars to create them and can spend millions more on publicity to build up the hype about the next big blockbuster. And sure enough, movie theaters are often at maximum capacity on opening night. Action films can be exceptionally successful and profitable, and can even lead to franchise opportunities. However, if you don’t have the proper action entertainment insurance you could lose everything in one unforeseen accident.
Insurance: Beyond the Basics
If you’re in the action adventure film business, you unequivocally want to carry action entertainment insurance. At an absolute bare minimum, you will need to make sure you have a good commercial general liability policy and substantial workers’ compensation coverage. Beyond those two basic policies, though, there are several different policies that you may want to look into – depending on the nature of what you’re filming. You should take a look at your highest risks and liabilities and obtain the best kind of coverage to protect you from any unforeseen issues in those areas. Some additional types of action film-related insurance coverage may include:
Stunts and scenes
Whatever kind of coverage you think you should obtain, it’s always best to speak to an insurance provider to get professional advice.
Are you looking for an Orlando insurance agency to help protect your new business? As you embark on your search for an agency, it’s good to understand the types of coverages that are available to you. For new entrepreneurs, here are three important coverages that you should expect to be included in your policy.
Professional Liability Insurance
Professional liability insurance protects you in case a 3rd party files a lawsuit against you claiming that they experienced a loss because of an error or omission by your business. If that were to happen, your policy would cover your attorneys’ fees as well as any other expenses for which you’re found liable.
General Liability Insurance
General liability also protects you in case a 3rd party files a lawsuit. However, it’s a more broad coverage in that it covers you in case someone suffers an injury or property damage because of your business. Like professional liability, your policy will cover all of your legal expenses related to the lawsuit.
Property insurance protects you in case your business assets become damaged or lost. Items such as your building, furniture, equipment and digital assets can be repaired or replaced if covered under your policy. Events that are covered include fires, storms, vandalism and theft.
Other coverage options such as workers’ compensation may also be necessary depending on whether you have employees. Your Orlando insurance agency can help you build a policy that meets your exact needs.
There’s a lot more to commercial truck insurance than just covering your truck. Rather than struggle trying to figure out all the coverages you need, it’s best to work with an experienced agent to ensure that your policy aligns with your business needs and meets government regulations. In the meantime, here are some of the coverages that you should expect to include in your policy.
General Liability Trucking Insurance
General liability trucking insurance is broad coverage for third-party lawsuits except those related to a car accident. It protects against injuries and property damage sustained on your premises or using your services.
Truck Liability Insurance
Truck liability insurance is protection for accidents you cause while driving your truck. It’s a required coverage at both the federal and state level and it’s going to be the most expensive coverage in your policy.
Physical Damage Truck Insurance
Physical damage truck insurance is first-party coverage that protects your truck and trailer. You can choose to purchase it for specific perils, which is the cheaper option, or on a comprehensive basis.
Motor Truck Cargo Insurance
Motor truck coverage protects you in case the freight you’re transporting becomes damaged or lost. This part of your policy can be tricky and being underinsured here can prove to be catastrophic.
In such a high-risk environment, you don’t want to take any chances with your insurance. Work with an agent who understands what it takes to have complete coverage from your commercial truck insurance policy.